Summary
REAL estate group Hammerson has painted a gloomy picture of its UK market after revealing further falls in property values and an easing in City of London rents as banks cut staff numbers because of the credit crunch.
The firm, which owns shopping centres including Brent Cross and West Quay in Southampton, said retailers faced weak conditions, but added it continued to attract firms to major developments in Bristol and Leicester, both of which complete later this year.See the full content of this document
Extract
Real Estate Market Suffers ; in Association with Rbs
It said the vacancy rate within...
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